Singapore and Brunei enhance co-operation in financial innovation

The Monetary Authority of Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) have signed a FinTech co-operation agreement to foster innovation in financial services between the two countries.

In a press release, MAS says that the agreement will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between both countries.

It will also establish a framework for both authorities to provide support for FinTechs to better understand the regulatory regime and opportunities in each jurisdiction.